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Briefing 2023-05-26

May 26, 2023 00:00:00

Shipping Corporation's profit jumps 23pc in Q3 on monopoly on state cargo shipment

The Bangladesh Shipping Corporation (BSC) posted a 23 per cent year-on-year growth in profit to Tk 622 million for the January-March quarter of FY23, riding on the monopoly on water shipment of government-imported cargoes. Its earnings rose from freight services, including loading and unloading of cargoes by lighter vessels, and from service charge, berthing rights charge etc. Page 9

AFC U-23 Asian Cup: BDin Group H

Bangladesh have been drawn in the four-team Group H of the AFC U-23 Asian Cup Qualifiers with Thailand, Malaysia and the Philippines. The Group H matches will be held in Thailand from September 04-12 this year. Page 15

Iran successfully fires ballistic missile

Iran successfully tested a 2,000 km-range ballistic missile on Thursday, Iranian state media said, two days after the chief of Israel's armed forces raised the prospect of "action" against Tehran over its nuclear programme. Page 14

MFIs major rural loan sources

Micro finance institutions (MFIs) are still the major and easy sources of loans for predominantly rural households and enterprises despite their exorbitantly high interest rates, according to a study. Page 17

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